The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
vested — vest·ed / ves təd/ adj 1: fully and absolutely established as a right, benefit, or privilege: not dependent on any contingency or condition; specif: not subject to forfeiture if employment terminates before retirement vested pension benefits 2:… … Law dictionary
vested — Fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. Rights are vested when right to enjoyment, present or prospective,… … Black's law dictionary
pension — Retirement benefit paid regularly (normally, monthly), with the amount of such based generally on length of employment and amount of wages or salary of pensioner. Deferred compensation for services rendered. Waite v. Waite, 6 C.3d 461, 99… … Black's law dictionary
Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 … Wikipedia
vested — UK US /ˈvestɪd/ adjective US HR, LAW, FINANCE ► vested shares, pension plans, etc. can be kept by an employee who has worked the necessary number of years for a particular company: »He chose to receive his vested benefits in a single lump sum… … Financial and business terms
Pension Benefit Guaranty Corporation — ( PBGC) A U.S. Government agency that was created to insure guaranteed pension benefits. PBGC has statutory authority to claim up to 30% of the net assets of a firm that sponsors a pension plan when an underfunded plan is terminated. Such a PBGC… … Financial and business terms
Vested interest — Vest ed interest 1. a special personal interest, usually financial, in an existing system, law, or institution, which hinders a person from making objective decisions regarding that system, law, or institution. A vested interest may be one which… … The Collaborative International Dictionary of English
Vested Benefit Obligation - VBO — The actuarial present value of pension plan benefits belonging to employees of an organization. The vested benefit obligation (VBO) is one measure of a pension fund s liability. The VBO only considers benefits that have vested in an employee, as… … Investment dictionary
Vested Interest — 1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future. A vested interest is an entitled benefit, which can be conveyed to a separate party. There is usually a vesting period before… … Investment dictionary
vested — vest|ed [ˈvestıd] adj 1.) vested interest a strong reason for wanting something to happen because you will gain from it ▪ Since he owns the strip of land, Cook has a vested interest in the project being approved. 2.) vested interests the groups… … Dictionary of contemporary English
